Powerball drawing today: Mega Million lottery jackpot of $865 million and $1.1 billion up for grabs
Jackpot amount in Powerball and Mega Millions this time
According to CNN, the $865 million payout being offered by Powerball, if availed by the winner who get's lucky, will see one of the largest prize amounts in the game's history. Moreover, Powerball will offer two kinds of payouts for the winner, one which will be a lumpsum drawing of $416.1 (before taxes) while the other would be an annual payment system which would be equivalent to approximately $865 million. However, due taxes will be deducted before the handout.
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In the Mega Millions section, there were no recent winners, which saw the stakes rise exponentially and the prize amount cross the billion mark. The next Mega Million jackpot amount will be a massive $1.1 billion, which will be handed to any lucky winner after due taxes.
Last jackpot win in Powerball
According to CNN, The last time someone won a Powerball Jackpot was on January 1 this year when a winner grabbed an approximately $842.4 million as the prize. This was won by a ticket from Michigan but no more big winners appeared after this mega win, resulting in the jackpot stakes rising higher this time.
Jackpots are a regular thing in the States and jackpots like Powerball have been in the game for approximately 30 years now, being played in many states of US, yielding winners and changing the fortunes of some US citizens.
FAQs:
Q1. What are two big lotteries in US?
A1. The Powerball and Mega Millions lotteries are the biggest
